Huawei doubles investment in R&D in Europe since 2010

Huawei, a global company in information and communication technology (ICT), has doubled its investment in research and development (R&D) in Europe since 2010, a press release from the company said here Friday. "Huawei is committed to reinvesting a minimum of 10 percent of revenue in R&D every year," said Renato Lombardi, vice president of Huawei's European Research Center. "In 2012, we reinvested over 13 percent of our global revenue in R&D, one of the largest single commitments to R&D in the ICT industry by a private company," Lombardi said. "Our investment in R&D in Europe also continues to grow. It doubled between 2010 and 2013 and we expect it will double again over the next five years," he added. Huawei, China's internationalized ICT supplier, creates about 7,500 jobs in Europe, including 800 researchers in its 13 European R&D sites based in Sweden, Finland, Britain, Germany, France, Belgium, Ireland and Italy. Its first overseas laboratory was opened in 2000 in the Swedish capital of Stockholm. Its European development spans ICT hardware and software, microprocessing, optical data transmission and wireless networks. "Huawei has identified Europe as its core strategic marketplace and is investing in Europe to realize this goal", said Kevan Watts, deputy chairman of HSBC bank. In a statement, Huawei announced its ambition to help address the European Union's strategic goals for ICT and to continue to grow its revenue in Europe and worldwide. Huawei has 70,000 employees worldwide, serving customers in over 140 countries and regions.